With all the prop bets, multiple, alternate and money line bets on sporting events. Would it be possible to create a perfect hedge? whereas you would create a situation through the use of the different types of bets that can be placed and make it so regardless of the outcome you could make a profit?
Not all at once on the same bookie. You could arbitrage between different online books, or you could hold onto the favorite early and then make a hedge with the underdog near the start of the match.